Monday, 28 December 2015

1pm update - a few more points seem necessary

After the morning low of sp'2044, it still appears the market wants a secondary minor down wave.. to at least hit the price gap zone of 2042/38. VIX appears entirely unlikely to break much above 18.50.. and still looks on track to settle the year in the low teens.




*I've not labelled it as such, but price structure is offering a nano scale baby bear flag, with further weakness into the close/early tomorrow.

It remains an increasingly tedious day, but there are some pretty dynamic bearish movers, esp' for commodity related stocks..

CHK -9%
CNX -9%
FCX -7%
RIG -5%, SDRL -4%

Anyone else awake out there?

back at 2pm